global affairs
What do you mean by functional budgets?
A financial or quantitative statement prepared for a function of an organization; it summarizes the policies and the level of performance expected to be a...
Jan 02, 2026 1 views
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global affairs
What is the structure of interest rate?
Essentially, term structure of interest rates is the relationship between interest rates or bond yields and different terms or maturities. The term struct...
Jan 02, 2026 0 views
global affairs
How assets and liabilities are equal?
The assets on the balance sheet consist of what a company owns or will receive in the future and which are measurable. Liabilities are what a company owes...
Jan 02, 2026 0 views
global affairs
What would be the adjusting entry to record depreciation each period?
The adjusting entry to record the depreciation of equipment for the fiscal period is debit Depreciation Expense; credit Accumulated Depreciation. Which tw...
Jan 02, 2026 0 views
global affairs
How do you write a demand letter?
Writing a Letter of Demand Date of the Letter of Demand. Description of the debt (such as what the money is owed for), and. Any relevant evidence such as ...
Jan 02, 2026 0 views
global affairs
How a contribution margin variable costing behavioral income statement differs from an income statement prepared in accordance with US GAAP?
A contribution margin income statement differs from the normal income statement preparation in accordance with US GAAP in the following ways; Fixed produc...
Jan 02, 2026 0 views
global affairs
What are the 3 main Buddhist beliefs?
The Basic Teachings of Buddha which are core to Buddhism are: The Three Universal Truths; The Four Noble Truths; and • The Noble Eightfold Path. What are ...
Jan 02, 2026 0 views
global affairs
How does income measurement differ between a merchandising and service company?
A merchandising company engages in the purchase and resale of tangible goods. Service companies primarily sell services rather than tangible goods. Income...
Jan 02, 2026 0 views
global affairs
Is inventory a temporary or permanent account?
Permanent accounts are the accounts that are reported in the balance sheet. They include asset accounts, liability accounts, and capital accounts. Asset a...
Jan 02, 2026 0 views
global affairs
Are there no unearned revenues in accrual accounting?
Under the cash basis of accounting, no adjustments are made for prepaid, unearned and accrued items. Since the revenue recognition principle requires that...
Jan 02, 2026 0 views
global affairs
What are the tools for financial statement analysis?
Tools or Techniques of Financial Statement Analysis Comparative Statement or Comparative Financial and Operating Statements. Common Size Statements. Trend...
Jan 02, 2026 0 views
global affairs
How do I record temporarily restricted revenue?
The journal entry is to debit a “Release of Restriction — Temporarily Restricted” account and credit “Release of Restriction — Unrestricted” account. Note...
Jan 02, 2026 0 views
